IRS Projects Enforcement Return$

Washington -- If the White House okays the Internal Revenue Service’s 2005 budget request of $10.7 billion, the service would see a sizeable return on that investment in terms of enforcement collections, according to Commissioner Mark Everson.

In remarks made last week before a House Subcommittee, Everson projected that within two fiscal years, the agency might realize a significant return of up to $10 billion by 2007 via a 5:1 or 6:1 ratio of return monies versus enforcement dollars.

Recently, the IRS Oversight Board petitioned lawmakers for an additional $530 million to its fiscal 2005 budget, while the service has requested 1,300 enforcement more agents than the White House’s 2005 proposal of 2,000.